ACTIVE

BOYD Nivelles

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Financial year 2025 · closed on 31/12/2025

Net result

2,2 M €

+20.2% YoY

Revenue

13,9 M €

+1.8% YoY

Equity

5,8 M €

+0.0% YoY

Workforce

40,0 ETP

-4.5% YoY

What does BOYD Nivelles do?

BOYD Nivelles is a Public limited company incorporated in 1968. Its main activity is: Manufacture of rubber products. Its registered office is in Nivelles. It employs on average 40,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.066.771

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Rue du Commerce 14
1400 Nivelles · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

40,0 ETP

Activities (NACE)

22120Manufacture of rubber products· main 22190Manufacture of other rubber products 23120Shaping and processing of flat glass 23120Shaping and processing of flat glass 25130Manufacture of structural metal products 26120Manufacture of loaded electronic boards+2

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	13,9 M €	+1.8%	13,7 M €	-7.5%	14,8 M €	+11.8%	13,3 M €	+8.1%	12,3 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	3,5 M €	+18.7%	2,9 M €	-4.5%	3,1 M €	-3.6%	3,2 M €	+20.8%	2,6 M €	+77.2%	1,5 M €	-7.7%	1,6 M €	-18.0%	2 M €	+93.3%	1 M €	-2.3%	1 M €	+68.1%	621,5 k €	-13.9%	721,6 k €	+50.1%	480,8 k €	-9.9%	533,8 k €	-36.5%	840,6 k €	+56.1%	538,4 k €	-19.3%	666,8 k €	+15.9%	575,4 k €	+1.8%	565,1 k €	+116%	261,7 k €
Operating result	3 M €	+19.7%	2,5 M €	-9.1%	2,8 M €	-5.4%	2,9 M €	+23.6%	2,4 M €	+112%	1,1 M €	+0.7%	1,1 M €	-22.4%	1,4 M €	+204%	467,7 k €	-6.4%	499,5 k €	+193%	170,6 k €	-35.9%	266,1 k €	+169%	98,8 k €	-30.1%	141,5 k €	-68.2%	445 k €	+111%	210,8 k €	-50.0%	421,6 k €	+20.0%	351,2 k €	+5.6%	332,4 k €	+168%	124,2 k €
Net result	2,2 M €	+20.2%	1,9 M €	-8.5%	2 M €	-7.3%	2,2 M €	+8.5%	2 M €	+148%	812,2 k €	+10.8%	733,4 k €	-20.7%	924,7 k €	+263%	254,4 k €	+15.9%	219,5 k €	+308%	53,8 k €	-47.9%	103,4 k €	+1669%	-6,6 k €	-120%	33,5 k €	-90.6%	357,5 k €	+178%	128,7 k €	-66.9%	388,5 k €	+32.4%	293,4 k €	+7.2%	273,6 k €	+369%	58,4 k €
Balance sheet
Equity	5,8 M €	+0.0%	5,8 M €	+2.4%	5,7 M €	+0.3%	5,7 M €	+38.3%	4,1 M €	+40.2%	2,9 M €	-6.2%	3,1 M €	+29.8%	2,4 M €	+71.9%	1,4 M €	+20.8%	1,2 M €	+33.5%	869,1 k €	+4.8%	829 k €	+11.3%	744,8 k €	+8.5%	686,4 k €	+3.2%	665,4 k €	+10.6%	601,4 k €	-1.3%	609,6 k €	+3.0%	591,6 k €	+4.6%	565,4 k €	-1.8%	575,5 k €
Total assets	9,3 M €	-8.7%	10,2 M €	+0.0%	10,1 M €	+22.7%	8,3 M €	+0.5%	8,2 M €	+44.3%	5,7 M €	-5.1%	6 M €	+7.6%	5,6 M €	-5.4%	5,9 M €	+16.4%	5,1 M €	+48.6%	3,4 M €	-6.6%	3,7 M €	+6.5%	3,4 M €	+13.3%	3 M €	-1.9%	3,1 M €	+31.6%	2,3 M €	-7.2%	2,5 M €	+10.3%	2,3 M €	-1.3%	2,3 M €	+21.2%	1,9 M €
Cash	2,4 M €	+61.8%	1,5 M €	+54.3%	946,9 k €	+125%	421 k €	-68.8%	1,4 M €	+15.9%	1,2 M €	+25.6%	928 k €	+111%	440,7 k €	+130%	191,5 k €	+829%	20,6 k €	-42.7%	36 k €	-87.8%	295,3 k €	+692%	37,3 k €	-83.7%	228,4 k €	+22.4%	186,6 k €	-25.2%	249,5 k €	-38.3%	404,5 k €	+85.6%	217,9 k €	-40.3%	365,2 k €	+213%	116,7 k €
Debts	3,3 M €	-19.0%	4,1 M €	-8.2%	4,4 M €	+72.2%	2,6 M €	-35.5%	4 M €	+49.4%	2,7 M €	-3.2%	2,8 M €	-13.0%	3,2 M €	-29.0%	4,5 M €	+15.4%	3,9 M €	+54.1%	2,5 M €	-10.1%	2,8 M €	+6.8%	2,6 M €	+12.2%	2,3 M €	-3.2%	2,4 M €	+39.5%	1,7 M €	-9.0%	1,9 M €	+15.7%	1,6 M €	-5.4%	1,7 M €	+31.9%	1,3 M €
Other
Workforce	40,0 ETP	-4.5%	41,9 ETP	+1.7%	41,2 ETP	+2.0%	40,4 ETP	+7.2%	37,7 ETP	-0.5%	37,9 ETP	-12.3%	43,2 ETP	+7.7%	40,1 ETP	+1.5%	39,5 ETP	+31.2%	30,1 ETP	+11.5%	27,0 ETP	+11.1%	24,3 ETP	+3.8%	23,4 ETP	+0.4%	23,3 ETP	+13.1%	20,6 ETP	+12.6%	18,3 ETP	+11.6%	16,4 ETP	-6.3%	17,5 ETP	+9.4%	16,0 ETP	+35.6%	11,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 32 ended

Active mandates

LAGUSSE

Managing director · since 22 juin 2023 · until 14 mai 2027 · 0878.324.211

Represented by Hugues Callens

Active

ERIK STRUIK

Director · since 30 novembre 2021 · until 30 novembre 2027

Active

Ended mandates

YPFC

Managing director · since 22 juin 2023 · until 10 décembre 2024 · 0685.739.322

Represented by Yves Charlier

Ended

YPFC

Managing director · since 22 juin 2023 · until 14 mai 2027 · 0685.739.322

Represented by Yves Charlier

Ended

ERIK STRUIK

Director · since 30 novembre 2021

Ended

JOHANNES RUIJGROK

Director · since 30 novembre 2021 · until 30 novembre 2027

Ended

At this address

Other companies at this address

Company	CBE no.
Grando-Massin Holding● Active	0751.491.464
MASSIN● Active	0414.058.059

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/06/2026	20/05/2025	27/06/2024	08/05/2024	16/08/2022	25/05/2021
General meeting	29/05/2026	09/05/2025	10/05/2024	31/03/2023	13/05/2022	14/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	29/05/2026	10/06/2026	French	PDF
Full model	31/12/2024	09/05/2025	20/05/2025	French	PDF
Full model	31/12/2023	10/05/2024	27/06/2024	French	PDF
Full modelCorrection	31/12/2022	31/03/2023	08/05/2024	French	PDF
Full modelCorrection	31/12/2022	31/03/2023	30/04/2024	French	PDF
Full model	31/12/2022	31/03/2023	13/06/2023	French	PDF
Full model	31/12/2021	13/05/2022	16/08/2022	French	PDF
Abridged model	31/12/2020	14/05/2021	25/05/2021	French	PDF
Abridged model	31/12/2019	31/08/2020	20/10/2020	French	PDF
Abridged model	31/12/2018	10/05/2019	09/08/2019	French	PDF
Abridged model	31/12/2017	11/05/2018	03/07/2018	French	PDF
Abridged model	31/12/2016	12/05/2017	04/07/2017	French	PDF
Abridged model	31/12/2015	13/05/2016	12/08/2016	French	PDF
Abridged model	31/12/2014	08/05/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	09/05/2014	14/08/2014	French	PDF
Abridged model	31/12/2012	10/05/2013	16/07/2013	French	PDF
Abridged model	31/12/2011	11/05/2012	23/07/2012	French	PDF
Abridged model	31/12/2010	13/05/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	14/05/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	08/05/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	09/05/2008	30/06/2008	French	PDF
Abridged model	31/12/2006	11/05/2007	11/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 32 ended

Active mandates

LAGUSSE

Managing director · since 22 juin 2023 · until 14 mai 2027 · 0878.324.211

Represented by Hugues Callens

Active

ERIK STRUIK

Director · since 30 novembre 2021 · until 30 novembre 2027

Active

Ended mandates

YPFC

Managing director · since 22 juin 2023 · until 10 décembre 2024 · 0685.739.322

Represented by Yves Charlier

Ended

YPFC

Managing director · since 22 juin 2023 · until 14 mai 2027 · 0685.739.322

Represented by Yves Charlier

Ended

ERIK STRUIK

Director · since 30 novembre 2021

Ended

JOHANNES RUIJGROK

Director · since 30 novembre 2021 · until 30 novembre 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates14/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates24/01/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates27/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Mandates25/01/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates27/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates28/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates19/01/2018
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20252,2 M €↑
2024
Annual accounts 20241,9 M €↓
2023
Annual accounts 20232 M €↓
2023
Name changeBOYD NIVELLES
2022
Annual accounts 20222,2 M €↑
2021
Annual accounts 20212 M €↑
2021
Name changeGRANDO
2020
Annual accounts 2020812,2 k €↑
2019
Annual accounts 2019733,4 k €↓
2018
Annual accounts 2018924,7 k €↑
2017
Annual accounts 2017254,4 k €↑
2016
Annual accounts 2016219,5 k €↑
2015
Annual accounts 201553,8 k €↓
2014
Annual accounts 2014103,4 k €↑
2013
Annual accounts 2013-6,6 k €↓
2012
Annual accounts 201233,5 k €↓
2011
Annual accounts 2011357,5 k €↑
2010
Annual accounts 2010128,7 k €↓
2009
Annual accounts 2009388,5 k €↑
2008
Annual accounts 2008293,4 k €↑
2007
Annual accounts 2007273,6 k €↑
2006
Annual accounts 200658,4 k €
01/01/1968
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BOYD Nivelles

Overview

What does BOYD Nivelles do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline